03 January 2011

A Bull Run in January?

Today KLSE gain 14.51 points to closed at 1533.42 with 664 gainers, 195 losers and 229 counter unchanged. Below are the top 5 most active counters:

 TALAM0.0900.005
 BORNOIL0.3450.150
 DRBHCOM-CC0.5050.095
 SAAG0.0800.005
 TIMECOM0.8550.060


BORNOIL
If you notice, BORNOIL counter are in the list after announcement of MYR80 million profit on Friday. Early in the morning before I went to sleep, I've already placing a booking of 50,000 unit of BORNOIL shares. Busy with helping my subordinate on morning preparation of the diagnostic lab, I'm a bit late to look at bourse. Lo and behold...my placing price of MYR 0.200 (Thursday price was MYR 0.195) were rejected as my account has insufficient fund (Note to self: always make sure the fund are enough before placing an order) and to my horror, the share open with a gap at MYR 0.260. Within a few minutes, it go up to MYR 0.285. I'm a bit scared to enter at that price and I tried placing at MYR 0.260 for 20,000 unit. Its only took 5 minutes and I'm in business. Then without delay, I placed a sell at MYR 0.280 and within 3 minutes, I have a small but healthy profit of MYR 302. Not bad for amateur part time trader, huh?

ASB
I finally get to dispose this counter at MYR 0.205 for a profit of MYR 7.Again, note to self: Carefully check the counter whether it is shari'ah compliance or not. Never want to trade in non-shari'ah counter again. EVER!

MKLAND
Heh..heh..get rid of it in the afternoon with a lost closed to MYR 73 due to processing fee. Although, the counter closed at MYR 0.400, I didn't have time to check the trend for the afternoon after lunch as I was needed to guide 1st year medical student for their lab practical. Placing a sell at MYR 0.385 before running to the teaching lab(literally) as I was quite late (a good 10 minutes late actually). By the time I reach for the computer in the office, the clock a ticking around 4.45 pm and the share was trading at MYR 0.400. My sell placing are already matched. Boohoo...Better luck next time.

DAYA
I believe this counter will make a move in one or two days from now as the volume are slowing increasing and gaining a momentum. Traded at MYR 0.225 before closing, it's gaining 1 cents for today. If there is interest in this stock, I may contra trading following the momentum when the right time comes.

IRCB   
I'm a bit disappointed with performance of this counter. Gaining 1.5 cent to closed at MYR 0.265. Although the news of MYR 8 million profit, the counter failed to fly. Hoping to dispose all at MYR 0.310..




ETITECH

Same as IRCB. Gaining 1.5 cent to closed at MYR 0.300 after opening at MYR 0.285. I'm currently thinking of selling at MYR 0.320 but I will see how tomorrow goes.


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